Bank opened a credit line to the Kazan Helicopter Plant

Bank Saint Petersburg provided a 1 year USD 100 million line of credit for the Kazan Helicopter Plant. The Plant has already received the first tranche in the amount of USD 15 million to finance its daily operations.

Bank Saint Petersburg has long been a partner of the Kazan Helicopter Plan. Kazan Helicopter Plant has established an excellent reputation for its products including the popular Mi-8 and Mi-17 helicopters

Bank Saint Petersburg continues to finance the real economy companies. According to the results of 2008 its loan portfolio amounts to RUR 144.7 billion compared to RUR 94 billion for 2007.